Pensions Administration
At Sovereign, we know the value of
flexibility when it comes to pensions
administration, demonstrated by the
breadth of the services we provide.
We consult with you to design an
administration service that best meets
your needs and expectations.
Importantly you know what to expect when you buy our services. Our approach to pricing is to provide a transparent model that gives you cost certainty.
Underpinning the expertise of our staff, our sophisticated administration software package "Profund" ensures that we are always in control of development and change.
Sovereign has a considerable amount of experience in the pension administration market and realises it is a major element of remuneration for employees and a major weapon in recruiting and retaining staff.
Importantly you know what to expect when you buy our services. Our approach to pricing is to provide a transparent model that gives you cost certainty.
Underpinning the expertise of our staff, our sophisticated administration software package "Profund" ensures that we are always in control of development and change.
Sovereign has a considerable amount of experience in the pension administration market and realises it is a major element of remuneration for employees and a major weapon in recruiting and retaining staff.
Our excellent service provides:
We understand the unique requirements of pension schemes where accounting is concerned and provide an on-line access to Trustee Bank Accounts to enable the quick and secure reconciliation on a daily basis.
- Dealing with all member queries.
- Continuous maintenance of member records, including ex-members.
- Provision of Annual Benefit Statements.
- Provision of standard forms and letters.
- Provision of administration reports.
- Calculation of entitlements and revenue limits.
- Payments to and from the Fund.
- Implementation of agreed benefit augmentations for members.
- Administering Pensioner Payroll.
We understand the unique requirements of pension schemes where accounting is concerned and provide an on-line access to Trustee Bank Accounts to enable the quick and secure reconciliation on a daily basis.
This offers the flexibility to allow Trustees
access to Account information when required
and ensures a quick reconciliation at year end
to ensure the swift preparation and audit of
Pension Scheme Accounts. This also offers time
and cost savings to the client.
Pensions payroll
Ensuring that members receive the right benefits at the right time is arguably the most important part of a pensions administration service. We provide trustees and pensioners with peace of mind to know that their benefits are accurately calculated and paid on a timely basis.
Annuity and bulk purchase annuity (BPA) administration
We have a specialist team that provides annuity and BPA administration services including the administration of specialist products such as impaired life annuities.
Pensions payroll
Ensuring that members receive the right benefits at the right time is arguably the most important part of a pensions administration service. We provide trustees and pensioners with peace of mind to know that their benefits are accurately calculated and paid on a timely basis.
Annuity and bulk purchase annuity (BPA) administration
We have a specialist team that provides annuity and BPA administration services including the administration of specialist products such as impaired life annuities.